The Trust Refunds function in Exacc enables accountants and solicitors to process the return of client trust money with proper authorisation and complete audit trail documentation. This essential capability ensures trust funds are refunded to clients accurately, securely and in compliance with Australian statutory requirements governing trust money management.
Managing trust refunds involves selecting the appropriate client matter, verifying available balances, obtaining required approvals and processing payments through electronic transfer or cheque. The system maintains comprehensive records of all refund transactions, including approval workflows, payment methods and supporting documentation to satisfy regulatory and professional liability obligations.
Trust refund processing includes automated validation to prevent overdrawing client ledgers, multi-level approval capabilities for enhanced control, and integration with ABA file generation for electronic payments. All refund transactions update client trust ledgers immediately and appear in statutory reconciliation reports.
Ready to process client trust refunds? Follow our comprehensive guide below to manage trust money refunds with proper authorisation and audit trail compliance.
Process trust money refunds to clients with proper authorisation and audit trail documentation for regulatory compliance
Your trust refund has been processed successfully - client funds have been returned with full compliance documentation and audit trail.